Hang Lung Group Ltd - Company Profile
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Hang Lung Group Ltd (Hang Lung) is a holding company. The company carries out the sale and lease of commercial and residential developments. Its property portfolio includes office, industrial, residential, apartments, commercial and retail properties. The company also provides property rental and lease services, property management and car park management services. Hang Lung also carries out project planning, building design, site selection and property and tenant management services. The company’s properties are in Mainland China, including Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan, Hangzhou, and Hong Kong. Hang Lung is headquartered in Hong Kong.
Headquarters
Hong Kong
Address
28/F Standard Chartered Bank Building, 4 Des Voeux Road Central, Hong Kong
Telephone
852 28790111
No of Employees
4,204
Industry
Construction
Ticker Symbol & Exchange
10 (HKG)
Revenue (2023)
$1.4B
-0.5%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
3.4%
(2023 vs 2022)
Market Cap*
$1.5B
Net Profit Margin (2023)
XYZ
4.0%
(2023 vs 2022)
* As of and is in US$
Hang Lung Group Ltd premium industry data and analytics
Products and Services
| Services |
|---|
| Property Leasing |
| Property Investments and Sales |
| Property Development |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In August, the company entered into a partnership with Sustainable Office Solutions and Crossroads Foundation to implement a holistic resource utilization scheme for Hang Lung’s Hong Kong Office Rejuvenation Project. |
| 2023 | Contracts/Agreements | In February, the company entered into a partnership with Sime Darby Motor Services Limited to provide EV charging facilities at its properties. |
| 2022 | Contracts/Agreements | In October, the company and LVMH Moet Hennessy Louis Vuitton (LVMH) announced to launch new model of sustainability partnership a three-year, innovative collaboration on climate and sustainability action in real estate and retail. |
Competitor Comparison
| Key Parameters | Hang Lung Group Ltd | New World Development Co Ltd | Sun Hung Kai Properties Ltd | Swire Properties Ltd | Sino Land Co Ltd |
|---|---|---|---|---|---|
| Headquarters | Hong Kong | Hong Kong | Hong Kong | Hong Kong | Hong Kong |
| City | Hong Kong | Hong Kong | Hong Kong | Hong Kong | Hong Kong |
| No. of Employees | 4,204 | 13,000 | 40,000 | 6,000 | 9,700 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ronnie Chichung Chan | Chairman | Executive Board | 1991 | 73 |
| Weber Wai Pak Lo | Chief Executive Officer; Director | Executive Board | 2018 | 52 |
| Kenneth Ka Kui Chiu | Chief Financial Officer; Director | Executive Board | 2022 | 47 |
| Adriel Wenbwo Chan | Vice Chairman | Executive Board | 2020 | 40 |
| Winnie Yuen Wah Ma | Director - General Counsel; Secretary | Senior Management | 2021 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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